MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of USD/JPY for September 26, 2017

USDJPYM30.png

USD/JPY is expected to trade with a bullish outlook. The pair posted a rebound from 111.45 (the low of September 25), it is still trading above the uprising 20-period moving average, which plays a support role. The relative strength index is above its neutrality level at 50.

Therefore, as long as 111.45 is not surpassed, look for a further upside movement with targets at 112.30 and 112.55 in extension.

Alternatively, if the price moves in the opposite direction, a short position is recommended below 111.45 with a target at 111.20.

Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position, while the price below the pivot point is a signal for a short position. The red lines show the support levels and the green line indicates the resistance level. These levels can be used to enter and exit trades.

Strategy: BUY, Stop Loss: 111.45, Take Profit: 112.30

Resistance levels: 112.30, 112.55 and 112.75 Support Levels: 111.20, 110.95, 110.80

The material has been provided by InstaForex Company - www.instaforex.com